Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Bahrain's Mumtalakat net profit reaches USD219m in 2013  Join our daily free Newsletter

MENAFN - 05/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Sovereign fund of Bahrain's Mumtalakat posted profits in 2013 after five year of losses in a row, but is expected to improve performance this year, according to Arab News.

The company posted a USD219 million net profit in 2013 compared to USD479.2 million net loss in 2012.

A statement said that the profit was drven "by significantly lower impairment losses and improved operating performance across portfolio companies, in particular Gulf Air.


Mahmood Al-Kooheji, chief executive of Mumtalakat, said: "We are very hopeful that we are now on the right path and growth and profitability will stay with us going forward, that I can assure you.

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help